According to the predictions of a professional institution, the total sales of electric vehicles in 2025 will exceed 14 million units. By the year 2040, the global sales of electric vehicles will exceed traditional combustion vehicles. At that time, the world will need around 290 million charging stations. Therefore, without a doubt, new generation energy vehicles and energy storage technology will undergo massive developments in the future. Furthermore, the new applications and developments of new energy vehicles and energy storage equipment will create new business opportunities for various industries, with connectors and wire harness industries being some of the industries to benefit from.
JPC has long been cultivating the automotive industry. Besides performing well in the traditional areas of ADAS and infotainment, JPC is able to provide one-stop service for the high voltage wire harnesses needed by new energy vehicles and high voltage connectors for both ends of the wire harnesses. JPC's industry layout is vastly superior to normal cable houses, creating a unique advantage rarely seen in the industry. Therefore, in the major electric vehicle markets of China, Europe, North America or Japan, JPC is winning the affirmation of more and more landmark customers.
The ability to provide voltage connectors and automotive wire harnesses is rare in the industry.
In the future, as the global electric vehicle market continues to expand, the construction of charging stations is being driven by the subsidies provided by various governments. This represents an optimistic future for the new energy market, and for companies that were not tier 1 suppliers of large automobile manufacturers such as JPC, this represents great coming opportunities.
This is mainly because of JPC's more than 25 years of experience in designing, developing and manufacturing connectors and wire harness products. JPC has not only established solid and professional vertical integration capabilities, product design, innovative research, development capabilities, mechanism simulation/electric circuit design and analysis, it also possesses complete supply capabilities for high voltage/high current products in key components, such as series battery modules in electric vehicles, PDU, MCU and on-board chargers. Moreover, JPC has 4 major business divisions internally. Besides automotive and new energy departments, the divisions also cover IoT, industrial and high frequency industries. Therefore, when a customer has other needs, JPC is able to provide its full support. These advantages provide great incentives for partnership to medium to large manufacturers with established foundations or start-ups that are ready to soar.
Presently, JPC has established three major solutions related to new energy and energy storage systems. The first supports high voltage and high current, including 200A, 300A and 60A, connectors. The connectors are not only applicable for electric vehicles and can also be used for new energy storage cabinets. JPC has conducted complete reliability testing for the related products. The second solution includes the FAKRA and HSD series wire harnesses used in the ADAS or infotainment field. Next is customized automotive wire harnesses, which is different to normal wire harness terminals due its ability to withstand high temperature environments.
For the high voltage and high current connector or automotive waterproof wire harness solutions mentioned above, the barrier to entry is rather high. Therefore, companies focused on the global connector and wire harness industries are quite common. However, companies that can supply these niche products together are relatively rare, creating an unique advantage for JPC's one-stop service.
By combining the strengths of its strategic partners, JPC provides the most complete solutions.
It is also worth mentioning that JPC is also involved in an older industry, which is flat cables. When the market headed towards a price war, which formed a red ocean, forcing JPC to be silent for a period of time. However, with the rise of new energy vehicles, JPC saw major opportunities. Because electric vehicles require flat cables that support a wide temperature range (-40 degrees C to 125 degress C) for image transmission, which is the strength of JPC, the company decided to reenter the market and actively expand its flat cable supply.
Due to the rarity of companies that are able to supply flat cables and high voltage wire harnesses for battery management systems (BMS) together, it created a unique niche for JPC, which attracted some well-known electric vehicle manufacturers.
On the other hand, JPC knows that in the future, there will not be a single company that can fully satisfy all market needs. Therefore, JPC does not only provide one-stop service for connectors and wire harnesses. It also integrates the capabilities of Coretronic, FSP, ADLINK, Chenbro and other strategic partners to create the most complete solutions for customers.
Returning to issues related to new generation energy vehicles and energy storage related technologies, JPC has accumulated more and more landmark cases. For example, electric vehicles have always favored the connectors of a certain international brand, allowing the connector to dominate the market. A electric small truck manufacturer in China was supposed to use the connector and commissioned JPC to process the wire harnesses. However, due to the structure of the vehicle, the connector had to be customized but the manufacturer refused the request. At this time, the electric truck manufacturer turned to JPC for help. JPC was able to create stands and mechanisms compatible with the well-known connector and integrated customized high voltage connectors. JPC was able to solve the electric truck manufacturer's problem and it became a success story in the industry.
Additionally, an electric container truck company felt that due to the long length of the vehicle (the cabin plus the trailer) and the need to travel between the customer and port non-stop, the vehicles need constant charging. However, when charging, the cabin and trailer has to be separated, creating a mess of cables that could pose a threat to safety on the work site. Therefore, JPC was commissioned to design a solution. JPC developed a mechanical wire storage reel which uses the spring controlling the turbine to turn the cable reel. It successfully implements electric storage. The ingenuity of the solution highlights the thought and technology JPC invests in its customized connectors and wire harnesses.
JPC, enabling next-generation electric vehicle connectivity